Frank Seminara was drafted by the New York Yankees in the 12th round.[11]

Deion Sanders was drafted by the Yankees in the 30th round. Player signed June 22, 1988.[12]

July 15, 1988: Luis Aguayo was traded by the Philadelphia Phillies to the New York Yankees for Amalio Carreno.[13]

July 21, 1988: Jay Buhner, Rich Balabon (minors), and a player to be named later were traded by the Yankees to the Seattle Mariners for Ken Phelps. The Yankees completed the deal by sending Troy Evers (minors) to the Mariners on October 12.[14]

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